Cardiol Therapeutics Management
Management criteria checks 2/4
Cardiol Therapeutics' CEO is David Elsley, appointed in Jan 2017, has a tenure of 7.92 years. total yearly compensation is CA$748.10K, comprised of 70.2% salary and 29.8% bonuses, including company stock and options. directly owns 1.53% of the company’s shares, worth €1.55M. The average tenure of the management team and the board of directors is 4 years and 2.9 years respectively.
Key information
David Elsley
Chief executive officer
CA$748.1k
Total compensation
| CEO salary percentage | 70.2% |
| CEO tenure | 7.9yrs |
| CEO ownership | 1.5% |
| Management average tenure | 4yrs |
| Board average tenure | 2.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -CA$36m |
| Jun 30 2024 | n/a | n/a | -CA$29m |
| Mar 31 2024 | n/a | n/a | -CA$30m |
| Dec 31 2023 | CA$748k | CA$525k | -CA$28m |
| Sep 30 2023 | n/a | n/a | -CA$28m |
| Jun 30 2023 | n/a | n/a | -CA$30m |
| Mar 31 2023 | n/a | n/a | -CA$29m |
| Dec 31 2022 | CA$654k | CA$525k | -CA$31m |
| Sep 30 2022 | n/a | n/a | -CA$30m |
| Jun 30 2022 | n/a | n/a | -CA$32m |
| Mar 31 2022 | n/a | n/a | -CA$32m |
| Dec 31 2021 | CA$1m | CA$455k | -CA$32m |
| Sep 30 2021 | n/a | n/a | -CA$35m |
| Jun 30 2021 | n/a | n/a | -CA$30m |
| Mar 31 2021 | n/a | n/a | -CA$27m |
| Dec 31 2020 | CA$517k | CA$450k | -CA$21m |
| Sep 30 2020 | n/a | n/a | -CA$14m |
| Jun 30 2020 | n/a | n/a | -CA$13m |
| Mar 31 2020 | n/a | n/a | -CA$13m |
| Dec 31 2019 | CA$450k | CA$450k | -CA$14m |
| Sep 30 2019 | n/a | n/a | -CA$20m |
| Jun 30 2019 | n/a | n/a | -CA$21m |
| Mar 31 2019 | n/a | n/a | -CA$19m |
| Dec 31 2018 | CA$713k | CA$363k | -CA$16m |
Compensation vs Market: David's total compensation ($USD520.58K) is about average for companies of similar size in the German market ($USD469.16K).
Compensation vs Earnings: David's compensation has increased whilst the company is unprofitable.
CEO
David Elsley
7.9yrs
Tenure
CA$748,100
Compensation
Mr. David G. Elsley, MBA, has been the President, Chief Executive Officer and Director of Cardiol Therapeutics Inc since January 19, 2017. Mr. Elsley is a business leader with a proven track record of deve...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.9yrs | CA$748.10k | 1.53% € 1.6m | |
| CFO, Corporate Secretary & Director | 6.3yrs | CA$294.80k | 0.17% € 169.5k | |
| Chief Operating Officer | 4yrs | CA$515.90k | 0.049% € 49.9k | |
| Chief Medical Officer & Head of Research & Development | 3.8yrs | CA$746.56k | 0.55% € 558.4k | |
| Investor Relations | no data | no data | no data | |
| Vice President of Corporate Development | less than a year | no data | no data |
4.0yrs
Average Tenure
Experienced Management: CT9's management team is considered experienced (4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.9yrs | CA$748.10k | 1.53% € 1.6m | |
| CFO, Corporate Secretary & Director | 2.6yrs | CA$294.80k | 0.17% € 169.5k | |
| Independent Director | 5yrs | CA$60.00k | 0.17% € 177.7k | |
| Independent Director | 2.8yrs | CA$76.92k | 0.12% € 124.7k | |
| Independent Director | 7yrs | CA$58.00k | 0.62% € 631.1k | |
| Independent Director | 3.3yrs | CA$71.52k | 1.04% € 1.1m | |
| Member of Scientific Advisory Board | 2.9yrs | no data | no data | |
| Member of Scientific Advisory Board | 2.9yrs | no data | no data | |
| Independent Director | 2.6yrs | CA$82.32k | 0.15% € 149.7k | |
| Independent Chairman | 6.3yrs | CA$112.68k | 0.27% € 275.0k | |
| Member of Scientific Advisory Board | 2.9yrs | no data | no data |
2.9yrs
Average Tenure
56yo
Average Age
Experienced Board: CT9's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 06:06 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Cardiol Therapeutics Inc. is covered by 7 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Edward Nash | Canaccord Genuity |
| Charles Duncan | Cantor Fitzgerald & Co. |
| Christian Orquera | First Berlin Equity Research GmbH |